Perennial posts quarterly net profit of S$4.78m

Singapore

PERENNIAL Real Estate Holdings posted a net profit of S$4.78 million for the quarter ended Sept 30 from income-producing assets in Singapore and operational assets held by Perennial China Retail Trust, which was consolidated with effect from November 2014.

Revenue recorded for the quarter was S$22.9 million, due mainly to strong performance at CHIJMES and TripleOne Somerset in Singapore and Perennial Jihua Mall, Foshan, and Perennial Qingyang Mall, Chengdu, in China.